I dominate fear, and everyone in the room..I am the Don Dada
I call this the panicked investor dramatic gap saucer with handle. Bull flag pullback actually forming a cup with handle. RECORD VOLUME SINCE SEPTEMBER compared to the last 5 years. Recently closing bullish the whole month of january on enormously above average volume. Buyers temporarily nervous. OBV on a very very very strong rise, RSI forming its own cup with handle. Closest Major resistance at $2.74-$3.00, 200 day MA resistance at about $3.25 which also matches up with gap resistance at about $3.75. As you can see there is plenty of room for profits between now and resistance. There is NO resistance in the immediate area so a quick profit leap is inevitable. Very few bears 3.65% shorting this stock and for good reason, they know this company has potential. there's more but eff you guys you don't take me seriously anyway.
News and company Analysis:
On november 11 2013 ONE of their pain drugs ended its PHASE 2(THATS IT?!?!) clinical trials early. Sending the stock plummeting to a low it's never seen before. People don't want to lose their money so the stock shoots downward and is still feeling the effects of one drug not hitting the correct receptor in the nervous system. So one of their drugs didn't work out very well. All it takes is a couple D bags to make the stock Gap down, hell anyone can make a stock gap up or down. Anyway, I'm not going to spend my time writing what this company actually does because last time I wrote a big story on what a company did no one rec'd or commented on it and the very next day both stocks I mentioned shot up over 15% each, and again over 10% again the next day. I know what the company does, how many drugs they have, what they target, and all that good stuff. But I'll try once more to gain some respect and recognition before I give up completely and just keep my ideas to myself. They are developing pain medication, Z944 which is probably going to start phase 2 testing. Instead of NUMBING the pain the medicine works as an inhibitor blocking pain receptors and receivers from telling your nervous system that you are in pain. Thats the jist of it from what I read and understand, if you want to find out for yourself go ahead and read on their website. I anticipate once they announce phase 2 people are going to cover their shorts and investors are going to hop back on the bandwagon.
Also, if you want to check out my old profile that I couldn't get reactivated, it was YoungNGunnin
Pretty sure during the recession I nailed it. Dueces